Investment Flows between South Korea and Latin America, 2000-2017
DOI:
https://doi.org/10.32870/mycp.v7i19.565Keywords:
Latin America, South Korea, Foreing Investment, Brazil, MexicoAbstract
The investment flows between South Korea en Latin American countries are analyzed within the context of three different trade and development models. According to South Korean industrialization, Korean fdi in the world concentrates in manufacturing, followed by commercial and extractive activities. A similar pattern is found in Korean investment in Latin America. In accordance with the working hypothesis, in Brazil Korean fdi dominates manufacturing, followed by mining, oriented to the domestic market; in Chile and Peru, fdi concentrates in mining, whereas in Panama the majority of investment goes to real state services. In Mexico a great majority of Korean plants participate in exports to the us market, but recently important investment flows have been directed to mining.Downloads
References
Baldwin, R. (2006), Globalization: the Great Unbundling(s) (Globalization Challenges for Europe: Report by the Secretariat of the Economic Council Part i). Disponible en: http://julkaisut.valtioneuvosto.fi/bitstream/handle/10024/80508/Netti%20VNK%2018-2006.pdf.
Banco Interamericano de Desarrollo (2015), Corea y América Latina y el Caribe: Hacia una relación diversa y dinámica. Disponible en: https://publications.iadb.org/bitstream/handle/11319/6830/Corea_y_America_Latina_Hacia_una_relacion_diversa_y_dinamica.pdf?sequence=9.
Caves, R. E. (2007), Multinational Enterprise and Economic Analysis, 3a ed., Cambridge, Cambridge University Press.
cepal (2006), La inversión extranjera directa en América Latina y el Caribe. Disponible en: https://www.cepal.org/es/publicaciones/1134-la-inversionextranjera-america-latina-caribe-2006.
El Financiero (2016), “Nuevo León ahorra 7 mil 500 mdp con nuevo convenio con Kia”, El Financiero, 8 de junio. Disponible en: http://www.elfinanciero.com.mx/empresas/kia-acuerda-reduccion-de-incentivos-con-nuevo-leon.html.
Estrada, L. J. L. y D. H. O. Landa (2012), “La cooperación entre Corea del Sur y América Latina mediante los acuerdos comerciales y de inversión”, Análisis Económico, xxvii (66), pp. 197-228.
Grossman, G. M. y E. Rossi-Hansberg (2006), “The Rise of Off-shoring: It´s Not Wine for Cloth Anymore”, en A. Greenspan (presidencia), Economic Policy Symposium. Simposio llevado a cabo en el congreso Federal Reserve Bank of Kansas City, agosto, Jackson Hole, WY. Disponible en: http://www.kc.frb.org/.
Harrison, A. y A. Rodríguez-Clare (2010), “Trade, Foreign Investment, and Industrial Policy for Developing Countries”, en D. Rodrik y M. Rosenzweig (ed.), Handbook of Development Economics, vol. 5, pp. 4039-4214, usa, North Holland.
Helpman, Elhanan y Paul Krugman (1985), Market Structure and Foreign Trade: Increasing Returns, Imperfect Competition, and the International Economy, Cambridge, Mass., mit Press.
Kia (2017). Disponible en: http://www.kia.com/mx/util/Plant-Nuevo-Leon.html.
Korea Institute for International Economic Policy (2005), Building a Strategic Partnership between Korea and Mexico for the 21st Century: Vision and Agenda for Cooperation. Disponible en: http://www.kiep.go.kr/eng/sub/view.do?bbsId=search_reportysearchCate1=ORGNZT_0130020010000ynttId=131947.
López, J. J.; Aceves, S. A. y J. L. León (2012), “Presentación: Dos aniversarios, múltiples desafíos. Las relaciones de México con China y Corea del Sur”, México y la Cuenca del Pacífico, 1 (2), pp. 9-20. Disponible en: http://www.mexicoylacuencadelpacifico.cucsh.udg.mx/index.php/mc/issue/view/46.
López-Aymes, J. F. y A. Salas-Porras (2011), “Expresiones nacionalistas de las compañías coreanas: inversiones coreanas en México”, en J.F. López-Aymes y A. Licona (coord.), Desarrollo económico, geopolítica y cultura de Corea. Estudios para su comprensión en el mundo contemporáneo, Colima, México, Universidad de Colima, pp. 251-280.
Minian, I. (2011), “La segmentación internacional de la producción y la integración de la economía mundial”, en R. Buzo y V. Cuevas (coord.), La integración económica: balance de un proceso inconcluso, México, Ediciones eon / uam-Azcapotzalco, pp. 24-54.
Ministerio de Relaciones Exteriores de Chile (2014), Evaluación de las relaciones comerciales entre Chile y Corea a diez años de la entrada en vigencia del Tratado de Libre Comercio. Disponible en: http://www.direcon.gob.cl/wp-content/uploads/2014/05/Evaluaci%C3%B3n-TLC-Corea-10-a%C3%B1os.pdf.
Shaikh, A. (1999), Real Exchange rates and the international mobility of capital, working paper núm. 265, Levy Economics Institute of Board College.Disponible en: http://www.levyinstitute.org/pubs/wp265.pdf.
Unctad (2015), World Investment Report 2015. Disponible en: http://unctad.org/en/PublicationsLibrary/wir2015_en.pdf.
Downloads
Published
How to Cite
Issue
Section
License
Open Access Policy
This journal provides open access to all its contents, in adherence to the principle that making research freely available supports a greater global exchange of knowledge.
MyCP is licensed under a Creative Commons Attribution-NonCommercial license, also known as CC BY-NC.
Contents are published in both PDF and XML formats.
Authors who publish in México y la Cuenca del Pacífico must accept the following conditions:
Pursuant to Mexican copyright laws, México y la Cuenca del Pacífico acknowledges and respects the authors’ moral right and ownership of property rights, which will be assigned to the University of Guadalajara to publish the articles in an open-access mode.
México y la Cuenca del Pacífico does not charge the authors any fees for receiving and processing their articles.
Authors are permitted to enter into other independent and additional contractual agreements for the non-exclusive distribution of the article version published in México y la Cuenca del Pacífico (for example, publishing it in an institutional repository or in other printed or electronic media) as long as they clearly state that the piece was originally published in México y la Cuenca del Pacífico.
Pursuant to the above, once the article is approved for publication, authors must send the Assignment of Rights Agreement form duly filled and signed. This form must be sent to mexicoylacuenca@gmail.com as a PDF file.
Readers/users of México y la Cuenca del Pacífico can freely access the journal new issues as soon as they are uploaded. Readers/users are allowed to cite, share (both electronically and physically), print and distribute the material, provided they expressly state that the work was originally published in México y la Cuenca del Pacífico. Contents are to be properly cited and never for commercial purposes.